CPI Data Set to Show Steady US Inflation in December, Still Above the Fed’s Target
US December CPI data is expected to show steady inflation at 2.7% YoY, remaining above the Fed's target, likely not shifting monetary policy.Summary
The US Bureau of Labor Statistics is set to release the December Consumer Price Index (CPI) report, which is anticipated to show headline inflation remaining steady at 2.7% year-over-year, unchanged from the previous month. Core inflation is forecast to slightly increase to 2.7% from 2.6%, remaining above the Federal Reserve's target. Monthly figures for both headline and core CPI are expected to be around 0.3%, suggesting inflation is easing slowly. Analysts suggest that unless the data presents a significant surprise, it is unlikely to alter the Federal Reserve's focus on the domestic labor market or immediately change monetary policy, especially given the split committee views revealed in recent meeting minutes. The report's impact on the EUR/USD pair is also discussed, with technical levels provided by Pablo Piovano of FXStreet.
(Source：BeInCrypto)